In the Media: Building a Bigger Bakken

Hess reports estimated results for second quarter of 2019

Hess today reported a net loss of $6 million, or $0.02 per common share, in the second quarter of 2019, compared with a net loss of $130 million, or $0.48 per common share, in the second quarter of 2018. On an adjusted basis, the Corporation reported a net loss of $28 million, or $0.09 per common share, in the second quarter of 2019, compared with an adjusted net loss of $56 million, or $0.23 per common share, in the prior-year quarter. The improved after-tax adjusted results reflect increased U.S. crude oil production and reduced exploration expenses, partially offset by the impact of lower realized selling prices and higher depreciation, depletion and amortization expenses.

Hess Schedules Q2 2019 Earnings Release Conference Call

In the Media: Evolution of Designs Hastens U.S. Shale Boom

Hess’ financial and production metrics have experienced a marked increase following its move to plug-and-perf (PNP) completion designs and improved well spacing after the price collapse of 2014. The company reported in its December 2018 investor presentation that its adoption of PNP completions is forecast to result in increases in production to about 200,000 boe/d and net present value by about $1 billion.

Hess Announces Regular Quarterly Dividend On Common Stock - June 2019

The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 25 cents per share payable on the Common Stock of the Corporation on June 28, 2019 to holders of record at the close of business on June 17, 2019.

Farm Rescue Receives $50,000 from Hess

Farm Rescue, a nonprofit organization that provides planting, harvesting, haying and hay hauling assistance free of charge to farm and ranch families who have experienced a major illness, injury or natural disaster, received $50,000 in donated funds from Hess Corporation.

Bigger, Better, Bakken: Petroleum Industry Optimism In North Dakota

With exports from the Bakken formation centered on western North Dakota already heading to Asian and European markets, the future for North American shale and onshore production, for at least the next two decades, appears promising, according to Barry Biggs, Vice President of Onshore for Hess.

Ekweribe Helps Women Advance at Hess, Just as She Has

When asked what drew her to Hess as an employer, Kehinde Ekweribe responds: “I looked for four major qualities while evaluating potential employers: career growth opportunities, domestic and international footprint, social responsibility and a diverse and inclusive work environment.”